Common use of Private Placement Agreement Clause in Contracts

Private Placement Agreement. The Sponsor has executed and delivered an agreement (the “Private Placement Agreement”), pursuant to which the Sponsor, among other things, purchased an aggregate of 7,133,333 Placement Warrants (or 7,833,333 if the Over-allotment Option is exercised in full) in the Private Placement. Pursuant to the Private Placement Agreement, all of the proceeds from the sale of the Placement Warrants will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.

Appears in 2 contracts

Samples: Underwriting Agreement (Achari Ventures Holdings Corp. I), Underwriting Agreement (Achari Ventures Holdings Corp. I)

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Private Placement Agreement. The Sponsor has executed and delivered an a private placement unit subscription agreement (the “Private Placement Agreement”), pursuant to which the Sponsor, among other things, purchased an aggregate of 7,133,333 276,250 Placement Warrants Units (or 7,833,333 295,000 if the Over-allotment Option is exercised in full) in the Private Placement. Pursuant to the Private Placement Agreement, all of the proceeds from the sale of the Placement Warrants will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.

Appears in 2 contracts

Samples: Underwriting Agreement (Abri SPAC I, Inc.), Underwriting Agreement (Abri SPAC I, Inc.)

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Private Placement Agreement. The Sponsor has executed and delivered an a private placement unit subscription agreement (the “Private Placement Agreement”), pursuant to which the Sponsor, among other things, purchased an aggregate of 7,133,333 390,000 Placement Warrants Units (or 7,833,333 426,000 if the Over-allotment Option is exercised in full) in the Private Placement. Pursuant to the Private Placement Agreement, all of the proceeds from the sale of the Placement Warrants will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.

Appears in 1 contract

Samples: Underwriting Agreement (Abri SPAC 2, Inc.)

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